Civic Intelligence

Iron Workers District Council of Western New York & Vicinity Suppl

990 • Fiscal year 2024 • EIN 16-1550492

Jul 01, 2023 to Jun 30, 2024 • Filed on Feb 26, 2025

3445 Winton Place Suite 238Rochester, NY 14623

(585) 424-3510

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

17th percentile

0.01x

Higher debt load relative to assets than 17% of similar nonprofits.

2024 filings • NTEE P • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

47th percentile

0.17x

Higher debt load relative to revenue than 47% of similar nonprofits.

2024 filings • NTEE P • $5M-$10M nonprofits • Source year 2024

Net Margin

8th percentile

-28%

Higher net margin than 8% of similar nonprofits.

2024 filings • NTEE P • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

16th percentile

$0

Higher top officer pay than 16% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2024 filings • NTEE P • $5M-$10M nonprofits • Source year 2024

Asset Growth

48th percentile

3.7%

Faster asset growth than 48% of similar nonprofits.

2024 filings • NTEE P • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

89th percentile

79%

Faster revenue growth than 89% of similar nonprofits.

2024 filings • NTEE P • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Up

$8,984,166

Up $317,122 (+3.7%) from 2023

Net Assets

Up

$8,853,814

Up $225,913 (+2.6%) from 2023

Liabilities

Up

$130,352

Up $91,209 (+233%) from 2023

Revenue

Up

$765,750

Up $338,341 (+79%) from 2023

Expenses

Up

$980,757

Up $20,940 (+2.2%) from 2023

Net Income

Up

-$215,007

Up $317,401 (+60%) from 2023

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0Assets 2011: $4,512,211Liabilities 2011: $46,291Net Assets 2011: $4,465,9202011Assets 2012: $4,384,561Liabilities 2012: $23,586Net Assets 2012: $4,360,9752012Assets 2013: $5,030,349Liabilities 2013: $271,289Net Assets 2013: $4,759,0602013Assets 2014: $5,337,656Liabilities 2014: $15,157Net Assets 2014: $5,322,4992014Assets 2015: $4,965,262Liabilities 2015: $8,338Net Assets 2015: $4,956,9242015Assets 2016: $7,618,884Liabilities 2016: $295,704Net Assets 2016: $7,323,1802016Assets 2018: $7,900,655Liabilities 2018: $22,686Net Assets 2018: $7,877,9692018Assets 2019: $8,328,838Liabilities 2019: $174,055Net Assets 2019: $8,154,7832019Assets 2020: $8,753,821Liabilities 2020: $46,067Net Assets 2020: $8,707,7542020Assets 2021: $10,218,860Liabilities 2021: $40,801Net Assets 2021: $10,178,0592021Assets 2022: $8,848,281Liabilities 2022: $31,315Net Assets 2022: $8,816,9662022Assets 2023: $8,667,044Liabilities 2023: $39,143Net Assets 2023: $8,627,9012023Assets 2024: $8,984,166Liabilities 2024: $130,352Net Assets 2024: $8,853,8142024Assets 2025: $9,366,251Liabilities 2025: $80,268Net Assets 2025: $9,285,9832025

Highlighted filing

2024

Assets$8,984,166
Liabilities$130,352
Net Assets$8,853,814

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.0M$0-$1.0MExpenses 2011: $788,8812011Expenses 2012: $650,1432012Expenses 2013: $565,6372013Revenue 2014: $911,047Expenses 2014: $597,151Net Income 2014: $313,8962014Revenue 2015: $536,943Expenses 2015: $605,842Net Income 2015: -$68,8992015Revenue 2016: $276,875Expenses 2016: $559,348Net Income 2016: -$282,4732016Revenue 2018: $1,078,534Expenses 2018: $838,786Net Income 2018: $239,7482018Revenue 2019: $856,221Expenses 2019: $811,934Net Income 2019: $44,2872019Revenue 2020: $1,354,820Expenses 2020: $731,519Net Income 2020: $623,3012020Revenue 2021: $1,252,934Expenses 2021: $804,502Net Income 2021: $448,4322021Revenue 2022: $1,575,461Expenses 2022: $857,458Net Income 2022: $718,0032022Revenue 2023: $427,409Expenses 2023: $959,817Net Income 2023: -$532,4082023Revenue 2024: $765,750Expenses 2024: $980,757Net Income 2024: -$215,0072024Revenue 2025: $1,420,333Expenses 2025: $902,589Net Income 2025: $517,7442025

Highlighted filing

2024

Revenue$765,750
Expenses$980,757
Net Income-$215,007
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Feb 26, 2025
Return Version
2023v6.0
Gross Receipts
$7,235,078
Mission and Program Overview

Mission

To provide supplemental health benefits to participating union iron workers.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$8,627,901$8,853,814▲ $225,913
Investments in Publicly Traded Securities$8,339,356$8,584,143▲ $244,787
Savings and Temporary Cash Investments$139,499$203,702▲ $64,203
Cash and Non-Interest-Bearing Accounts$109,154$98,909▼ $10,245
Accounts Receivable$61,839$78,623▲ $16,784
Land, Buildings, and Equipment, Net$2,094$778▼ $1,316
Total Assets$8,667,044$8,984,166▲ $317,122
Other Assets Total$15,102$18,011▲ $2,909
Liabilities
Other Liabilities$33,583$122,588▲ $89,005
Accounts Payable and Accrued Expenses$5,560$7,764▲ $2,204
Total Liabilities$39,143$130,352▲ $91,209
Net Assets / Fund Balance
Total Net Assets Fund Balance$8,627,901$8,853,814▲ $225,913
Total Liabilities and Net Assets / Fund Balance$8,667,044$8,984,166▲ $317,122

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$778$29,322$30,100
Compensation and Service Providers

Board Members and Trustees

NameTitle
Laurie GoodAdmin. Manag
Robert ColeLabor Truste
Scott BrydgesLabor Truste
Tim StarwaldLabor Truste
Hl StephensonManagement T
Kelly GilliganManagement T
Tom DickeyManagement T
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$436,949
Investment Income
$327,877
Other Revenue
$924
Change in Net Assets
$-215,007
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$246,643
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$734,114
Fees for Service Investment Mgmnt Fees---$37,163
Fees for Services Accounting---$29,777
Fees for Services Legal---$16,872
Office Expenses---$8,740
Insurance---$3,885
Other Expenses---$1,973
Information Technology---$1,400
Depreciation Depletion---$1,316
Total Functional Expenses$0$0$0$980,757
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Affiliated Fund$118,892
Due to Broker$3,696
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 9

H.l. Stephenson 8 king road churchville, ny 14428 tim starwald 650 humboldt st. Rochester, ny 14624 kelly gilligan 7819 state routes 5 & 20 bloomfield, ny 14469 robert cole 10 main street, suite 100 whitesboro, ny 13492 scott brydges 412 39th street niagara falls, ny 14303 tom dickey 5285 upper mt. Road lockport, ny 14094

Form 990, Page 6, Part VI, Line 11B

Form 990 is cirulated to all board of trustees via e-mail. Confirmation of approval is received prior to filing the form.

Form 990, Page 6, Part VI, Line 12C

The plan regularly and consistently monitors and enforces compliance with the conflict of interest policy by requesting that an annual acknowledgement form be signed and submitted by each trustee. If any potential conflicts are disclosed, the trustees will determine whether further facts and follow-up questions are necessary to determine if a conflict of interest exists. In addition, on an annual basis, management reminds each individual who is subject to the policy of the need to avoid any business conflicts with the plan and to divulge immediately any matter which may give rise to a conflict.

Form 990, Page 6, Part VI, Line 15A

The board of trustees reviewed and approved the compensation package for the administrative manager and support staff. An affiliated fund pays the full salary and benefits for the administrative manger and support staff, with such compensation allocated to affiliated entities, including this fund, under a cost sharing agreement.

Form 990, Page 6, Part VI, Line 19

The organization does not make its governing documents, conflict of interest policy, and financial statements available to the public.

Form 990, Part VII

The administrative manager receives compensation and benefits from an unrelated benefit fund. Such expense is allocated in part to this fund under a cost sharing agreement.

Filing and Contact Details

Filer

Filer Name
Iron Workers District Council of
EIN
16-1550492
Phone
5854243510
Address
3445 WINTON PLACE SUITE 238, ROCHESTER, NY 14623

Signing Officer

Name
Laurie Good
Title
Admin. Manager
Phone
5854243510
Signed
2025-02-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Laurie Good
Formed
1998
Legal Domicile
Ny
Voting Board Members
6
Independent Board Members
6
Employees
0

Preparer

Firm
ARCARA LENDA EUSANIO & STACEY CPA'S PC
Address
5214 MAIN ST STE 200, WILLIAMSVILLE, NY 14221
Preparer
David Arcara CPA
Phone
7166342722
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

Accounting principles generally accepted in the united states of america require plan management to evaluate tax positions taken by the plan and recognize a tax liability if the organization has taken an uncertain tax position that more likely than not would not be sustained upon examination by the internal revenue service. The plan administrator has analyzed the tax positions taken by the plan, and has concluded that as of june 30, 2024, there are no uncertain tax positions taken or expected to be taken that would require recognition of a liability or disclosure in the financial statements. The plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax period in progress. Plan management believes that the plan is no longer subject to income tax examination for years prior to june 30, 2021.

Raw XML Appendix308 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE PLAN MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE PLAN AND RECOGNIZE A TAX LIABILITY IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN TAX POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. THE PLAN ADMINISTRATOR HAS ANALYZED THE TAX POSITIONS TAKEN BY THE PLAN, AND HAS CONCLUDED THAT AS OF JUNE 30, 2024, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE PLAN IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIOD IN PROGRESS. PLAN MANAGEMENT BELIEVES THAT THE PLAN IS NO LONGER SUBJECT TO INCOME TAX EXAMINATION FOR YEARS PRIOR TO JUNE 30, 2021.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0H.L. STEPHENSON 8 KING ROAD CHURCHVILLE, NY 14428 TIM STARWALD 650 HUMBOLDT ST. ROCHESTER, NY 14624 KELLY GILLIGAN 7819 STATE ROUTES 5 & 20 BLOOMFIELD, NY 14469 ROBERT COLE 10 MAIN STREET, SUITE 100 WHITESBORO, NY 13492 SCOTT BRYDGES 412 39TH STREET NIAGARA FALLS, NY 14303 TOM DICKEY 5285 UPPER MT. ROAD LOCKPORT, NY 14094
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS CIRULATED TO ALL BOARD OF TRUSTEES VIA E-MAIL. CONFIRMATION OF APPROVAL IS RECEIVED PRIOR TO FILING THE FORM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE PLAN REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY BY REQUESTING THAT AN ANNUAL ACKNOWLEDGEMENT FORM BE SIGNED AND SUBMITTED BY EACH TRUSTEE. IF ANY POTENTIAL CONFLICTS ARE DISCLOSED, THE TRUSTEES WILL DETERMINE WHETHER FURTHER FACTS AND FOLLOW-UP QUESTIONS ARE NECESSARY TO DETERMINE IF A CONFLICT OF INTEREST EXISTS. IN ADDITION, ON AN ANNUAL BASIS, MANAGEMENT REMINDS EACH INDIVIDUAL WHO IS SUBJECT TO THE POLICY OF THE NEED TO AVOID ANY BUSINESS CONFLICTS WITH THE PLAN AND TO DIVULGE IMMEDIATELY ANY MATTER WHICH MAY GIVE RISE TO A CONFLICT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF TRUSTEES REVIEWED AND APPROVED THE COMPENSATION PACKAGE FOR THE ADMINISTRATIVE MANAGER AND SUPPORT STAFF. AN AFFILIATED FUND PAYS THE FULL SALARY AND BENEFITS FOR THE ADMINISTRATIVE MANGER AND SUPPORT STAFF, WITH SUCH COMPENSATION ALLOCATED TO AFFILIATED ENTITIES, INCLUDING THIS FUND, UNDER A COST SHARING AGREEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ADMINISTRATIVE MANAGER RECEIVES COMPENSATION AND BENEFITS FROM AN UNRELATED BENEFIT FUND. SUCH EXPENSE IS ALLOCATED IN PART TO THIS FUND UNDER A COST SHARING AGREEMENT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VII
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ReturnHeader/ReturnTs02025-02-28T11:25:51-05:00
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ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$9.37$0.08$9.29$1.42$0.90$0.52
2024Detailed filing. Detailed filing data is available for this year.$8.98$0.13$8.85$0.77$0.98$0.22
2023Detailed filing. Detailed filing data is available for this year.$8.67$0.04$8.63$0.43$0.96$0.53
2022Detailed filing. Detailed filing data is available for this year.$8.85$0.03$8.82$1.58$0.86$0.72
2021Detailed filing. Detailed filing data is available for this year.$10.2$0.04$10.2$1.25$0.80$0.45
2020Detailed filing. Detailed filing data is available for this year.$8.75$0.05$8.71$1.35$0.73$0.62
2019Detailed filing. Detailed filing data is available for this year.$8.33$0.17$8.15$0.86$0.81$0.04
2018Detailed filing. Detailed filing data is available for this year.$7.90$0.02$7.88$1.08$0.84$0.24
2016Detailed filing. Detailed filing data is available for this year.$7.62$0.30$7.32$0.28$0.56$0.28
2015Detailed filing. Detailed filing data is available for this year.$4.97$0.01$4.96$0.54$0.61$0.07
2014Detailed filing. Detailed filing data is available for this year.$5.34$0.02$5.32$0.91$0.60$0.31
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.03$0.27$4.76$0.57
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.38$0.02$4.36$0.65
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.51$0.05$4.47$0.79